Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 9. (Read 76834 times)

I've gone through the voting page on the site, and though I didn't really settle down to read the entire information in it's full details, but from the small part that I read, I would say that what the betfury team have decided or proposed to do is a good one, and a right step in the right direction.

Looks to me like they are beginning to realize how big the coming bull run is going to be, and it did be a very big shame on them if BFG turns out to be one of the worst performers in this seasons bull run is over, this is possibly the reason why they are now taking steps to position BFG to appear as a good investment to this who would be fomoing into lots of altcoins in the heat of the bull run.
Anyways, I commend their effort, and to me personally, I think this move alone, backed with more exchanges listings, could be what BFG holders have been waiting for, it could be what BFG have been waiting for to record a new all time high that is far higher than what it has previously recorded, all the same, I will keep a close watch on BFG right now, and will buy-in again ones I begin to see the positive impact of this decision reflecting on the token price.

They wish to earn more, as you said, people who lock their BFG will not earn other coins (which is good for the casino) and in the end, they will get more BFG tokens (which is not a big expense for the casino, they made it so they have it in reserves). All in all, the house is winning...

I doubt that we will see BFG rising up in price, so definitely it's better to stake it for other coins... at least those other coins have a higher chance for some future rise in price.

A solution like this will just lessen the sell pressure but not gonna boost the price. The price boost still relies to new investors or if current holders buy more just to lock their tokens for a year.

Voting is already over and this proposal is already approved. Here’s the summary of what’s gonna happened now with BFG tokens.

X2 APR for lock BFG tokens for 1 year.

The feature of decreasing circulating supply is not entirely true with this proposal because they just lock it but they are not removed which means they just delay the release rewards for mining for a year but increase the circulating supply more once the lock period is over. Also this kind of feature will just create more sell pressure in the future since those  user that locked tokens will obviously dump hard once their token unlocked. It will be first to sell token games after 1 year.

If the team is really serious on decreasing circulating supply, just burn all their reserves token including the token allocated for marketing because these tokens are mainly burning the LP of BFG tokens once they are using for their operation expenses.

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It’s funny how people think that lock tokens will decrease circulating supply. It’s just a band aid solution that will amplify the problem in the future.

I'm glad that the casino is doing something to boost the token's price. Perhaps this initiative won't immediately affect the price of BFG. But if Betfury continues to come up with more initiatives to increase the token's price and doesn't stop there, then it's quite possible that sooner or later they will find a way to raise the price of BFG and please us. I hope Betfury will continue to cater to BFG holders and come up with new initiatives that will positively impact the token's price.

This is the right approach which I will do if I’m on your situation. You are already in loss and holding long term. It will be painful if you sell your tokens now then somehow the price pump after you sell. It’s possible that price will in the future since investors that already have profit on other pump tokens usually looking for old projects that still didn’t pump and invest on it.

I will consider this money as loss already and just save another money for other token investment purposes to recover my losses. This way you can move forward without thinking too much what will happened to your investment here. Betfury is one of the token that will benefit once casino tokens become hype again.

If I owned any BFG tokens at the moment which supposedly is in a lost comparing the price I bought it to the most current piece, it's two options actually, either to sell, take the loss and invest the remaining money in a much more better project where I can likely recover my lost money back and even make more profit.
And the second option is to stake those BFG tokens, I myself will prefer to stake the tokens, most especially if the money I used for the investment is money I know I don't need urgently, staking grants the user the opportunity to earn passively from the casino, and with time, it's very possible that one can get back his or her initial amount used to buy BFG tokens through the interest earned from staking..
And on the other hand, bull run is coming, and even though I am not expecting BFG to really do well in the coming bull run season without the team's intervention it's still worth keeping; for there is still a chance that the price may go up a bit.

Overall this is just another risk for staking but does investor can do anything? I guess no other choice but to stake since this could give them potential extra income while waiting for a pump. The problem there if the price of BFG dumb since waiting for long and whatever effort you exert will be totally useless with this. But good to see that people earning success for staking since this means that there will be more to happen. BFG still have a chance to pump but they need to run more attractive marketing  or even try to impressed new investor and convince them  so that they can increase the number of their gambler then might they can get a lot of gamblers to play or test everything they can offer.

By staking tokens there are many returns if the price of that token increases in addition to receiving staking bonuses. Otherwise there will be no benefit from staking. If the price of a token drops after buying and staking, it will not be possible to cover the loss with staking rewards alone.so staking also requires a potential token or coin. not all coins can benefit from staking reward only. It doesn't matter how high the staking rewards are. So in order to keep people attracted to BFG, they must not only increase the stacking reward but also keep an eye on the token price. only then they will be able to get many customers

comments from a few people that I was able to read on social media were that in the next few years (not even they can't specify at least how many years, if they expect prices to rise at least in 1, 2, 3 years at least) the price could go up, but the fact that the price of bitcoin is rising a lot and certain altcoins are falling a lot in price shows how investors in these altcoins have lost confidence in altcoins, in my opinion this token will remain as if it were a stablecoin, it does not have a great future in terms of big price increases, even if the casino creates incentives on top of incentives, the casino is still a casino that needs to offer things based on what other casinos are offering

cannot pull more than that because it could go bankrupt, at the end of the day being able to beat the competition and get closer to the top of the casinos should be the focus of the casino and the token is just something extra for the casino owners to make money, because the investors of this token only those who are the first ones can have won, but those who arrive now for example will only be wasting time and money, the best things they would do would be to focus on using the casino to play and if they want to invest in some currency, then they would buy bitcoin which has potential for profits of 50% in the next few months or more than 50%. you have 250$ in token and per day you earn 0.10$, in a month you earn 3$, this means that if you have 1000$ you will earn 0.40$ per day and 12$ per month, in a year you would have 144$ but if the price of that token falls you will have less, it seems to me that no matter what you do, at the end of the day it is not worth the effort and investment in my opinion

I don’t think it is really profitable to just buy tokens and profit from the interest as the amount you get daily is quite low. The dividends used to be a lot higher in the beginning. While you can earn some tokens when playing it is not the same as you can’t mine them directly, takes the incentive to play more a bit away for me.

BFG is and will stay the casino token... and I am not sure that price will rise as long as we can mine it, in some way. Maybe with the rise of the mining price the price of the BFG can rise as well, but that's a big question. Currently, I have $250 worth of BFG tokens and I get around 10 cents (or a bit more) per day, so is it profitable for someone to buy some amount of BFG tokens and get some small amount of crypto on a daily basis? Or it's better to gamble and try to get a lot more tokens by playing?

But at least there is a movement happening on BFG since so far for longest time it exist we didn't see anything good action has been done. But still lets look forward unto this news since maybe next with this is their plan to list BFG on more decent exchange where people can trust to deposit their holdings or even those followers to deposit some amount to buy BFG token. But as you said maybe we should not expect anything larger than that since there's also a chance that they only release this update but no other plan has been built which can fully catch the attention of a lot of people.

There's no mention of listing the BFG token on centralized exchanges. So, I wouldn't even hope for that to happen in the near future. As for the stBFG, it is worth noting that the Betfury team will lock its tokens for three years, and these tokens will not participate in the stBFG staking. I think this is an important point that can really have a positive impact on the BFG token.

Interesting news and it should have an impact on the price as the supply is less. A little bit confused with the mirror token (stBFG), need to read it in full detail as it seems a bit complicated. Lets hope this is a sign that they really want to increase their token value and hopefully they also take action to get listed on the bigger exchanges.

This will help to revive the price back because sell pressure will lower in case there will be price rally for this token in the future. They should start increasing the percentage of the profit sharing that they will use to buy back the tokens if they are really committed to boost the price because they are still the largest holder of BFG tokens that is still locked which means they are still the one who will benefit the most if they will focus on boosting the BFG price unlike what they are doing right now by taking profit on both the casino and BFG tokens liquidity.

Honestly, these type of things are testimates of how we should not always look to take out a profit, that usually doesn't end that well for people. I get that it may not be all that crazy, but it's really not all that easy neither. We should just consider the fact that we can make it work somehow, one way or another. The best thing to do would be holding it, trusting the system that got you rich in the first place.

If you made some money from there, then you made some money and you should focus on trying to make more, that would be a lot better. I know that it is not that simple and I know that it has downsides, but as long as you keep doing it, some projects will make you a lot richer. I am keeping all my BFG as well, even though they are small amounts.

Surprisingly, it looks like the Betfury team is still interested in making BFG a more valuable token. So, this time, they suggest reducing the circulating supply and implementing the BFG lock on the chain. What do you guys think about this vote on Betfury's site? Will this have a positive impact on the BFG price as they expect or not?

Yes, you've noticed correctly. If the coin you're staking increases in price in the future, your earnings will also increase. However, the higher the coin price, the fewer rewards you'll receive for staking. When you withdraw rewards to your wallet, Betfury will fix this amount in dollars, and it will not change thereafter.

So, if I understand you correctly, in other words, it not like the amount of money you earned ($400) from the staking of your BFG tokens is as a result of the supposed higher APY back then, but mainly as a result of the significant growth that most, if not all cryptocurrencies have experienced in terms of prices, all through the years you left your BFG staked on BetFury?

If yes, then I think it's quite easy to understand, and that is that, this same result as yours can still be achieved, if a holder stakes the same amount of BFG tokens, or even higher today, and keep it staked for like from now till after the coming bull run, there is a chance that if the coin the person earns as interest does really well in terms of price; in the coming bull run, then the same amount of money, or even more, can be made, as profit from the stake.

Am I wrong?

You are right, but we need to consider one more thing. I started staking when Bitcoin was worth $6,000-7,000, and prices for other cryptocurrencies were also low. So, I earned a little in dollars, but the amount of cryptocurrency rewards for staking was higher at that time. And the Betfury calculator calculates in today's prices all the cryptocurrency I earned over the years.